Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 332 Shares of Carpenter Technology Co. (NYSE:CRS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Carpenter Technology Co. (NYSE:CRS) by 3.1% during the 4th quarter, Holdings Channel reports. The fund owned 11,008 shares of the basic materials company’s stock after acquiring an additional 332 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Carpenter Technology were worth $1,868,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CRS. Tidal Investments LLC increased its stake in shares of Carpenter Technology by 91.9% during the third quarter. Tidal Investments LLC now owns 21,083 shares of the basic materials company’s stock worth $3,364,000 after purchasing an additional 10,094 shares during the period. Fisher Asset Management LLC increased its position in Carpenter Technology by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 364,312 shares of the basic materials company’s stock worth $58,137,000 after buying an additional 13,815 shares during the period. Forest Avenue Capital Management LP acquired a new stake in shares of Carpenter Technology during the third quarter worth $25,262,000. Manuka Financial LLC bought a new stake in shares of Carpenter Technology in the fourth quarter valued at about $368,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Carpenter Technology in the fourth quarter valued at about $419,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Carpenter Technology Price Performance

CRS stock opened at $195.61 on Wednesday. The company’s 50-day moving average price is $195.00 and its two-hundred day moving average price is $178.28. Carpenter Technology Co. has a 12 month low of $67.52 and a 12 month high of $213.66. The company has a quick ratio of 1.92, a current ratio of 3.80 and a debt-to-equity ratio of 0.40. The firm has a market cap of $9.77 billion, a P/E ratio of 36.91, a P/E/G ratio of 0.93 and a beta of 1.55.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. On average, analysts anticipate that Carpenter Technology Co. will post 6.83 earnings per share for the current fiscal year.

Carpenter Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Friday, February 28th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.41%. The ex-dividend date was Tuesday, January 28th. Carpenter Technology’s dividend payout ratio (DPR) is presently 15.09%.

Wall Street Analysts Forecast Growth

CRS has been the subject of several analyst reports. BTIG Research set a $230.00 price objective on shares of Carpenter Technology in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Carpenter Technology from $235.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $167.17.

Carpenter Technology Company Profile

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts.